701 E 2nd StHerefordTX79045
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Hereford at 701 E 2nd St, Hereford, TX, 79045 priced at $149,000 pairs $3,612/mo rent with $2,553/mo cash flow after a $729/mo payment. Total monthly income equals $3,612/mo, and annual cash flow comes to $30,633/yr on $49,394 invested. Return on cash invested is 81.93% in year one, and rental yield stands at 29.09% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 436.63% and total cumulative return in cash reaches $215,668. For financing, Ziffy Mortgage’s DSCR program evaluates $3,612/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79045, Hereford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,047 (100%) |
| Owner Occupied HU | 4,033 (57.2%) |
| Renter Occupied HU | 2,262 (32.1%) |
| Vacant Housing Units | 752 (10.7%) |
| Median Home Value | $125,034 |
| Average Home Value | $177,837 |
Housing Distribution
Address Breakdown
Residential
6,507
Single Family
6,198
Multi-Family
309
Businesses
789
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Listed by: Ignacio Avila • Real
Mls Name: TAR MLS
Mls ID: #210248
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-08-14 15:53:50 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.